24/04/2025
16 April، 2025
The Bank of Canada kept its interest rate at 2.75% as expected at its meeting just moments ago, noting that the significant shift in US trade policy and the unpredictability of tariffs have increased uncertainty and weakened economic growth prospects. The Bank's interest rate report stated that the forecasts contained in its April Monetary Policy Report presented different scenarios. The...
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16 April، 2025
Data released just moments ago from the US Census Bureau showed a rise in US retail sales, exceeding market expectations. Sales rose to $734.9 billion, a 1.4% increase compared to February's reading of 0.2% (1.3% expected), and a 4.6% year-over-year increase. Core sales, excluding auto prices, grew 0.5% in March, compared to a revised 0.7% increase in February. Sales at...
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16 April، 2025
The Consumer Price Index (CPI), a measure of UK inflation, rose to 2.6% year-on-year in March, according to data released by the Office for National Statistics (ONS) this morning, compared to 2.8% in February, exceeding expectations of 2.7% growth. On a monthly basis, the CPI rose by 0.3% in March, compared to a rise of approximately 0.6% in March 2024....
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16 April، 2025
Gross domestic product in China, the world's second-largest economy, grew by about 5.4% year-on-year in the first quarter of this year, according to data released Wednesday morning, April 16, by the National Bureau of Statistics. The GDP reached 31,875.8 billion yuan, an increase of 1.2% from the fourth quarter of 2024, exceeding market expectations of about 5.2% growth, benefiting from...
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15 April، 2025
Canada's Consumer Price Index (CPI) grew by 2.3% year-on-year in March, according to figures released just a few moments ago, compared to 2.6% in February, below expectations. The core CPI, which excludes gasoline prices, rose to 2.5% year-on-year from 2.6%. On a monthly basis, the CPI rose by 0.3% in March after rising by 1.1% in February, below expectations for...
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15 April، 2025
Crude prices recorded slight declines of about 0.25% in mid-trading on Tuesday, April 15, after the International Energy Agency warned of the impact of tariffs on energy prices, amid anticipation of today's US inventory figures from the American Petroleum Institute. Nymex crude fell by about 0.29%, trading at $61.35 a barrel, while Brent crude traded at $64.70 a barrel, down...
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15 April، 2025
The three major US stock indexes closed higher at the opening session of the week yesterday, Monday, April 14, after a volatile session that saw both gains and losses, as market concerns over Trump's global tariffs continued. US President Donald Trump's exemption of technology products, most notably Apple products, from the additional 125% tariff on Chinese goods, as well as...
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14 April، 2025
The European Central Bank's (ECB) meeting, which will be held mid-session on Thursday, April 17, will focus on monetary policy and interest rate developments. The bank is expected to cut interest rates for the sixth consecutive meeting, by 25 basis points, to 2.40%. The latest inflation reading for the eurozone, released in early April, according to Eurostat estimates, showed a...
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11 April، 2025
Gold is trading higher for the fourth consecutive session in mid-European trading today, Friday, April 11, and is on track to post weekly gains of more than 6% after testing historic highs at the start of the session at $3,237 per ounce, supported by declines in the US dollar amid rising trade tensions and financial market turmoil, which supported safe...
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11 April، 2025
Preliminary estimates from the UK Office for National Statistics showed that UK GDP rose by 0.5% in February, compared to a revised 0.0% in January, which was revised from a 0.1% decline. This was better than expectations of a 0.1% growth, driven primarily by growth in the services sector. This reading is expected to see the UK economy grow by...
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